Friday, January 11, 2008

Evaluate trend of a stock and stay with trend

GENTS,

uSE THE INO.COM method to stay on the rightside of markets.

Please refer ADAM HEWISON's great basic lesson video at

http://club.ino.com/trading/?s=doesn%27t+matter

Moral
IT DOESN"T MATTER WHAT YOU THINK …
Here's a cruel reality of the marketplace.

What matters most is --- you get the direction right.
The reality is, these are trading markets. They are all driven by market sentiment.


What matters most is that you get the direction of the market right. You can only determine the trend by using pure market action. The easiest way to do this is by using a program the tells you in plain english what the
market is doing.
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SCORE CARD
STRONG UPTREND SCORE +100
STRONG DOWNTREND SCORE -100

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SCORE RATINGS
UPTREND

LAST HOUR CLOSE ABOVE 5 HOUR MOVING AVERAGE +10
NEW 3 DAY HIGH ON THIS WEEK FIRST DAY +15
LAST PRICE ABOVE 20 DAY MOVING AVERAGE +20
NEW 3 WEEK HIGH LAST WEEK END +25
NEW 3 MONTH HIGH IN THIS MONTH +30
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TOTAL SCORE FOR STRONG UPTREND +100---------------------------------------------------
score of 40 to 60 sideways trend in uptrend
score of -40 to -60, sideways trend in downtrend

DOWNTREND SCORE

LAST HOUR CLOSE BELOW 5 HOUR MOVING AVERAGE -10
NEW 3 DAY LOW ON THIS WEEK FIRST DAY -15
LAST PRICE BELOW 20 DAY MOVING AVERAGE -20
NEW 3 WEEK LOW LAST WEEK END -25
NEW 3 MONTH LOW IN THIS MONTH -30
------------------------------------------------
TOTAL SCORE FOR STRONG DOWNTREND -100

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sO, NOW DONT SAY HOW cAN i EVALUATE MY TREND,i DONT HAVE THESE MOVING AVERAGES ETC?
yOU CAN DO IT.
jUST MODIFY STUFF TO SUIT YOU
UPTREND
1.LAST HOUR CLOSE ABOVE 200 MINUTE MOVING AVERAGE +10(YAHOO FINANCE GIVES THIS)
2.NEW 3 DAY HIGH ON THIS WEEK FIRST DAY +15 (LOOK 5DAY CHART ON YAHOO)
LAST PRICE ABOVE 20 DAY MOVING AVERAGE +20( YAHOO CHART GIVES)
NEW 3 WEEK HIGH LAST WEEK END +25 (SEE 3MONTH CHART AND DETERMINE)
NEW 3 MONTH HIGH IN THIS MONTH +30 (SEE 100DAY CHART IN YAHOO)
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TOTAL SCORE FOR STRONG UPTREND +100

tHAT IS IT
GO FOR THE SAME
CHECK AND APPLY
Happy trading!

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